Companies

NTPC profit up in FY21

New Delhi | Updated on July 08, 2021

Declares ₹3.15/share final dividend

NTPC Ltd on Saturday posted a 20 per cent sequential rise in the consolidated net profit for the March quarter at ₹4,639.5 crore. The total income during the quarter rose 12 per cent sequentially to ₹31,687 crore.

The net profit during the quarter under review rose 184 per cent on a year-on-year basis. The firm’s profit during the March 2020 quarter had been impacted by a higher tax provisioning under the Vivad Se Vishwas scheme. For full 2020-21, profit rose 26 per cent to ₹14,969 crore and revenue inched up 3 per cent to ₹1.15 lakh crore.

The company’s board announced a final dividend for 2020-21 of ₹3.15 per share.

The dividend for the fiscal year totals ₹6.15 per share.

The Centre, which controls 51.1 per cent stake in the firm, will gain a windfall of ₹3,047 crore .

The board also approved the enhancement of the company’s borrowing limit from ₹2-lakh crore to ₹2.25-lakh crore.

Published on June 19, 2021

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